Google sues China crypto app racketeers: Report
Approximately 100,000 users have downloaded fraudulent apps from Google Play, but the amount of user funds lost remains unknown.
Google’s parent company, Alphabet Inc., filed a lawsuit against two people based in China for using the company’s platform for scam cryptocurrency apps that amassed over 100,000 downloads.
Google’s parent company claimed that scammers used its platforms, Google Play and YouTube, to upload and advertise fraudulent crypto apps.
The online giant alleged that the defendants engaged in a pattern of racketeering after committing hundreds of acts of wire fraud. The lawsuit was filed Thursday morning in a federal court in New York, according to an April 4 Bloomberg report.
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